Apple’s value is close to the $ 2 trillion mark

This week’s pre-opening session brought another positive signal for Apple as its shares continued to extend their streak to bring Apple’s capitalization close to a milestone. History: $ 2,000 billion.

Before the end of the session, Apple shares rose 1.5% and were nearly twice as high as March’s low. Much of the iPhone maker’s gain came from its Q2 earnings report with much better results than expected. Investors in the retail sector are also positive about the share-sharing plan announced by the company.

Currently, at $ 450.65 per share, Apple’s market cap is reaching $ 1.93 trillion. That means that the stock price only needs to increase less than 5% more than the capitalization value of Apple will exceed $ 2,000 billion. Wedbush analyst is optimistic about this prospect, saying that reaching this threshold will “happen in the near future”, when there is “plenty of growth momentum for Cupertino’s boat between now and 2021. . ”

Recently, Apple has become the most valuable company in the world by surpassing oil giant Saudi Aramco in market capitalization. This capitalization of Apple is equivalent to 85% of the total market value of the entire Russell 2000 Index.

The size of the iPhone maker makes it one of the most influential stocks in the market. Their market cap equates to 6.5% of the S&P 500 – the biggest impact on the index in the past 40 years.

Meanwhile, some other analysts have expressed concern about the rising momentum of Apple’s stock price. There are many factors, including the price-to-income (PE) ratio, which is already above the long-term average, leading them to believe that the rate of increase will stop, according to a report from Deutsche Bank.

However, this bank still recommends customers to buy this stock if it is in the price range from 440 USD to 480 USD. But they also forecast that future momentum “will require increased revenue and EPS boost”.

Consult Bloomberg